Premier Frank Hsieh (
"The government is under a lot of pressure for injecting more money into the project, but it's worth it," Hsieh told reporters after the 15-minute ride. "It would be regrettable to give up on it now."
The train departed from Tainan Station, headed northward to Tainan County's Liouchia (六甲) Township and then south to Dashe (大社) Township in Kaohsiung County before returning to the station.
The Taiwan High-Speed Rail Corp (THSRC), builder of the high-speed rail system, reached its target of running the bullet train at a top speed of 315kph on Oct. 30.
THSRC chairwoman Nita Ing (
"This is a milestone for us," Ing said, adding that her first experience on the train was very good.
Ing said that THSRC will hold a provisional board meeting next week and a shareholder meeting in January -- instead of May -- to discuss the approval of three new board directors representing the government, as required by the Ministry of Transportation and Communications.
THSRC expanded the number of its board directors from 12 to 15 seats last month after the government decided to pump another NT$7.5 billion (US$223 million) into the project. That amount included NT$4.5 billion from the China Aviation Development Foundation and NT$3 billion from China Technical Consultant Inc.
The government currently has two seats in the board but hopes to obtain three more. However, whether the government will be able to occupy the three new seats remains to be negotiated, said Arthur Chiang (江金山), vice president of THSRC's administration division.
The government's holding in THSRC jumped from 11.89 percent to about 37 percent, but 19 percent of that was through purchasing preferred shares, which confer no voting rights, Chiang said.
Ing declined to reveal how much capital the company still needs to complete the project's construction, saying a new fund-raising plan will be released by the middle of the month.
The one-year delay of the project is estimated to cost the company an additional NT$19.3 billion, Chiang said.
Ing announced on Sept. 8 that the firm's board of directors decided to reschedule the opening of the high-speed railway to Oct. 31 next year, blaming delays in the construction of the core mechanical and electrical systems.
THSRC is currently negotiating compensation for the delays with the Taiwan Shinkansen Corp (TSC, 台灣新幹線), contractor for the core system's construction. Yesterday, TSC chairman Takaomi Goto said he hopes the negotiation will be completed by the end of the month.
"I think who should bear the responsibility for the delay is still an open question," Goto told the Taipei Times yesterday.
Becoming familiar with the Japanese-designed bullet train system has taken a lot of time, especially for the THSRC, whose engineers are mostly US and European, Goto said.
Despite the setback in exporting the system for the first time, from a business point of view, the Japanese consortium will still look for other countries in which to introduce the bullet train, Goto added.
The consortium of seven Japanese companies includes Mitsui Corp, Mitsubishi Heavy Industries, Mitsubishi Corp, Marubeni Corp, Sumitomo Corp, Kawasaki Heavy Industries and Toshiba Electric.
As of the end of September, THSRC said it had completed 89.7 percent of the project, according to a company release. The core mechanical and electrical system which THSRC is responsible for is 66 percent completed, while the project's track and station construction are 83 percent and 93.1 percent finished, the release added.
The Tainan station yesterday seemed far from ready to serve customers, with many areas still blocked off.
THSRC plans to test the track in Taoyuan and other areas in the north starting in January, Ing said.
CAUTION: Taiwanese should be alert, even if they have just liked or shared posts that would breach Beijing’s national security legislation for Hong Kong, the council said Due to the newly implemented Hong Kong national security legislation, the Mainland Affairs Council (MAC) has drawn up a list of what it described as “high-risk groups,” cautioning them not to travel to Hong Kong. People who support independence for Taiwan, Hong Kong, Tibet and Xinjiang; those who are critical of the Chinese Communist Party (CCP), the Hong Kong government and the “one country, two systems” concept; and those who donated to or voiced support for the Hong Kong anti-extradition bill movement are urged to refrain from visiting Hong Kong, the council said on its Web site. It released two posts on
NEW HONG KONG LAW: A visit to Beijing-friendly nations or those with weak judicial systems could leave people at risk of deportation to China, a former MAC official said Beijing could request countries with which it has extradition agreements to deport Taiwanese to China to face criminal charges following the implementation of national security legislation for Hong Kong, a former Mainland Affairs Council (MAC) official warned yesterday. Some developing countries, and those close to China because of the Belt and Road Initiative, are likely to accommodate Beijing’s requests to extradite Taiwanese to China, said former deputy MAC minister Chen Ming-chi (陳明祺), who served from July 2, 2018, until May 20, and then returned to his former post as an assistant professor of sociology at National Tsing Hua University. While Taiwanese
IN THE PIPELINE: The Ministry of National Defense said the sale, expected to take effect in one month, would be the seventh arms sale under the Trump administration The government yesterday thanked the US for approving the possible sale of a US$620 million missile repair and recertification package to Taiwan. The US Department of State has approved the sale of a package to recertify Patriot Advanced Capability-3 (PAC-3) missiles to the Taipei Economic and Cultural Representative Office (TECRO) in Washington for an estimated US$620 million, the US Defense Security Cooperation Agency said in a news release on Thursday. The agency has delivered the required certification to the US Congress, notifying it of the possible sale, it added. The TECRO had requested to buy an upgrade package that would support an operational
INJURED: Several KMT lawmakers fought their way through DPP members into the legislative chamber, while others lay on a driveway to block Chen Chu Scuffles broke out at the Legislative Yuan yesterday as Chinese Nationalist Party (KMT) lawmakers again occupied the legislative chamber, stymieing a report by Control Yuan presidential nominee Chen Chu (陳菊) and a question-and-answer session. The KMT lawmakers showed up at the back door of the chamber at about 5am and tried to enter, but were stopped by several Democratic Progressive Party (DPP) lawmakers who were guarding the door. Scuffles broke out as the KMT lawmakers tried to force their way through the door, injuring legislators on both sides. KMT Legislator Hung Mong-kai (洪孟楷) tackled DPP Legislator Wang Ting-yu (王定宇), while DPP Legislator Wu